COMM

CommScope Holding Company Inc

TMT, Event Driven/Special Sit


Presented:05/03/2021
Price:$16.57
Cap:$3.37B
Current Price:$5.83
Cap:$1.26B

Presented

Date05/03/2021
Price$16.57
Market Cap$3.37B
Ent Value$12.90B
P/E RatioN/A
Book Value$1.77
Div Yield0%
Shares O/S203.40M
Ave Daily Vol2,806,586
Short Int4.36%

Current

Price$5.83
Market Cap$1.26B
CommScope Holding Co., Inc. engages in the provision of infrastructure solutions for communications networks. It operates through the following segments: Broadband; Home; Outdoor Wireless Networks (OWN); and Venue and Campus Networks(VCN). The company was founded by Frank M. Drendel in 1976 and is headquartered in Hickory, NC.

Publicly traded companies mentioned herein: Carlyle Group Inc/The (CG), CommScope Holding Company Inc (COMM), Trane Technologies PLC (TT)

Highlights

The presenter is long shares of CommScope Holding Company Inc (COMM), a manufacturer of networking equipment for the telecommunications industry that commands >50% market share in its core markets and operates in an attractive industry structure. COMM currently trades at ~$17 per share (10.3x consensus EBITDA), but the presenter sees a path to a $50 share price over the next two years with very modest multiple expansion based on an ongoing operational turnaround and secular headwinds recently inflecting to tailwinds. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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